Vodafone bids adeiu

Vodafone would be soon bidding adieu to its erstwhile CEO Arun Sarin. Sarin has announced his decision to resign after a span of five years. Arun Sarin has led the company through the times of rapid change and has timed the Hutchison Essar’s bid in India at the right time. The group is expecting to adjust its operating profit to rise between 11 billion to 11.5 billion after a 6% growth.
Arun Sarin would be replaced by deputy CEO VIttorio Colao. During Sarin’s tenure the return on Vodafone’s share was 70.1%.